Car insurance is a financial tool that helps protect assets and vehicle users from unexpected risks that occur during operation. When participating in insurance, you will be supported by an insurance company to pay for expenses arising from incidents such as accidents, fires, theft, natural disasters, etc.
According to a study by the Insurance Information Institute (2023) in its 'Global Auto Insurance Trends' report, auto insurance reduces 78% of the financial risk for car owners in the event of accidents and damages.
Owning a car is not just a purchase, but also comes with the responsibility of protecting your property and safety as well as those around you. One of the most important steps after buying a car is choosing and purchasing the right car insurance. Below are 8 valuable experiences to help you choose the best and most economical car insurance package.
There are 4 types of auto insurance on the market today:
Choosing a reputable insurance company is very important. You should research companies such as:
Consider criteria such as fees, claims procedures, customer service and company reliability.
According to Dr. Michael Thompson, insurance expert at Harvard Business School (2023): 'The reputation of an insurance company plays a decisive role in up to 65% of the ability to successfully resolve compensation.
When choosing an insurance plan, consider the value and intended use of your vehicle:
Before signing the contract, read the terms and conditions in the brochure and contract carefully. This will help you avoid misunderstandings about your rights and obligations. If anything is unclear, ask the consultant to explain it specifically.
Knowing your rights and responsibilities will make it easier for you to claim compensation when an accident occurs. Make sure you know how to claim and the necessary documents to avoid delays.
A deductible (or deductible) is the amount of money you must pay out of pocket before the insurance company begins paying out. A high deductible can help lower your premiums, but it can also make things harder in the event of an accident. Consider choosing a deductible that fits your budget.
Claim procedures can be complicated, so do your research and prepare all necessary documents such as accident reports, vehicle registration, personal documents, etc. This will help you avoid problems during the claim process.
According to JD Power's (2023) 'Insurance Claims Satisfaction Study', understanding the process and preparing complete documents increases the success rate of claims by up to 89%.
Every insurance plan has its own limitations, so make sure you know what is not covered to avoid unnecessary risks in the future. This also helps you choose an insurance plan that is more suitable for your actual needs. Buying car insurance is an important decision that helps you feel more secure when participating in traffic. Apply the above experiences to ensure that you choose the best insurance plan for your car!
Above is all the necessary experience that the insured need to learn before choosing to buy insurance. Please choose carefully before buying so you and the car are best protected.
Civil liability insurance Motor vehicle owner's liability insurance is a compulsory insurance according to Vietnamese law. The maximum compensation for personal injury is 150 million VND/person and 100 million VND for property damage.
Charges car insurance depends on many factors such as the value of the vehicle, the type of insurance, the age and driving experience of the driver, as well as the accident history of the vehicle owner.
The average compensation time ranges from 7 to 30 days, depending on the nature of the case and the settlement process of each insurance company.
Additional types of insurance include theft of parts, rental car liability, and natural disaster damage insurance.
When an accident occurs, you need to stay calm, call the authorities to make a report, collect information from relevant parties and take photos of the scene. Then, immediately notify the insurance company for specific instructions. In addition, when a car is flooded due to rain and flood, is it covered by insurance? See details at the link: https://thanhphongauto.com/bao-hiem-tra-phi-o-to-ngap-nuoc/.
Thanh Phong Autoo not only provides insurance cards but also brings a comprehensive solution to car owners in Ho Chi Minh City. With many years of experience in the auto repair and maintenance industry, Thanh Phong Auto has established close relationships with reputable insurance companies such as Bao Viet, Liberty, MIC - Military, and Aviation - VNI. This helps customers easily access a variety of insurance packages, suitable for the needs and financial capabilities of each individual.
Highlights of auto insurance sales service at Thanh Phong Auto:
With Formula "Honesty - Dedication - Responsibility“, Thanh Phong Auto constantly strives to bring customers the best services in the field of auto insurance. Customers can be completely assured when choosing Thanh Phong Auto as a partner in protecting their valuable assets. Come to us for advice and experience reputable, quality auto insurance sales services today!
Cars Care Service Price Sheet At Thanh Phong Auto HCMC VietNam:
* The cars that we have mechanics: Mercedes, BMW, Audi, Lexus, Toyota, Honda, Mazda, Mitsubishi, Kia, Daewoo, Hyundai,Ford, Nissan, Volkswagen, Porsche, Chevrolet, Rand Rover, Innova, Fortuner, Vios, Fiat, Bugatti, Ferrari, Bentley, Hummer , Chrysler, Dodge, Renault, Cadillac, Volvo, Subaru, Daihatsu, Ssangyong, Roll-Royce, Peugeot, Smart Fortwo, Tobe M'car, Luxgen, Zotye, Haima, Geely, Baic, Hongqi, Cmc, Mini Cooper, Buick, Opel, Acura, Aston Martin, Vinfast, TQ Wuling, BYD.
To keep your vehicle running properly at all times, we offer a number of services that are carried out by our certified, expert auto service and repair technicians who have years of experience performing everything from oil changes to a complete engine overhaul.
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